Somerset West: Compliance Monitoring Officer (Financial Services)

February 6, 2026 Jobs in Cape Peninsula

Job Description

Key Duties and Responsibilities: Ensuring that clients due diligence is collected to the appropriate standard in line with our internal policies and procedures. Conduct Periodic Reviews, record any deficiencies and generate action points for remediation. Conduct client screening using our screening system and open-source searches. Monitor and analyse the results of the automated ongoing screening system and conducting research on relevant parties where potential adverse matches are identified. Conduct compliance monitoring in accordance with the compliance monitoring programme, to ensure compliance with all regulatory requirements and AML/CFT/CPF, record deficiencies and generate remediating action points. Assist in the development, implementation, and continuous improvement of internal policies and procedures to ensure operational efficiency and compliance Assist in the development and delivery of training materials for staff members on compliance topics. Assist in providing day to day support/guidance to the staff as required in respect of compliance and AML/CFT/CPF matters. Participate in training sessions to increase your knowledge and understanding of the regulatory environment. Complete any other duties as and when required to drive business success. Assisting with the project management of new initiatives. Adopt and reflect company values Competencies / Requirements: Any legal degree or certification Compliance, Risk Management or related degree or diploma 2-3 years experience of working in a compliance environment. Exposure to KYC (Know Your Customer) and CDD (Customer Due Diligence) processes will be highly advantageous Experience in compliance monitoring, regulatory reporting, or risk assessments is a plus An ability to articulate complex issues in a clear and concise manner. An aptitude for problem solving. A methodical approach to tasks with a strong focus on attention to detail Experience in collating and summarising data. Excellent organisational skills; prioritising, achieving deadlines. Consistently work at the standard required by the team and business. A willing and flexible attitude to working hours to support team and business needs, as required. Key Business Partners: Compliance Team Directors Management Team Colleagues

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About Legal Jobs in Cape Town Region

Cape Town is a thriving hub for legal professionals in South Africa, with many multinationals and local companies operating in the region. The job market trends for this field are generally strong, with an increasing demand for skilled lawyers and legal advisors. Typically, these roles require a strong educational background, combined with relevant work experience and a good understanding of the local legal landscape.

When it comes to salary expectations, it’s common for lawyers and legal professionals in Cape Town to earn between R500 000 to R1 million per annum, depending on factors such as their level of experience, the size of the company they work for, and the industry sector. However, salaries can vary widely, and actual figures may be higher or lower than these broad ranges. For example, senior lawyers in certain industries may earn significantly more, while entry-level professionals may start at a lower salary.

In terms of common skills required for this type of role, typically, lawyers and legal professionals need to possess strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills. A good understanding of the law and regulatory requirements is also essential, particularly in industries such as financial services, technology, and manufacturing. Additionally, many companies require their lawyers to have experience working with technology and data analytics tools, as well as a basic understanding of digital transformation and its implications for business.

Many industries commonly employ lawyers and legal professionals in Cape Town, including the financial services sector, the technology industry, and manufacturing sector. The demand for skilled lawyers is also strong in sectors such as construction, energy, and natural resources.

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For those looking to start or advance their careers in this field, there are many development opportunities available. Typically, lawyers can expect to progress through a series of roles, from junior lawyer to senior counsel, with experience gained along the way. Many companies also offer training programs and professional development opportunities to help employees develop new skills and expertise. With the right combination of education, experience, and skills, individuals in this field can enjoy rewarding and challenging careers in Cape Town and beyond.

This information provides general career guidance. Actual salaries and requirements vary by employer.

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